Beverly Hills, CA — February 7, 2024 — BridgeCore Capital, Inc. today announced it has closed a refinance loan on a portfolio of apartments in San Diego and National City, California.

The borrower needed to refinance multiple bank loans that required to be taken-out due to change of ownership.

The subject properties involved a complex chain of ownership interests and transfers between entities and individuals over a period of time. Even with the navigation of these title related issues, BridgeCore was able to close the transaction quickly, within the required timeframe in coordination with the borrower, borrower’s mortgage advisor, borrower’s counsel, and the Title company.

BridgeCore employed its precedent-setting fixed-rate program to assure that the borrower would not incur any interest rate risk in today’s inflationary and rapidly changing rate environment.

BridgeCore harnessed its comprehensive resources and experience to solve the borrower’s critical timing challenge, to address the subject properties’ complex title issues, and to secure highly competitive loan terms.

About BridgeCore Capital

BridgeCore provides bridge loans on commercial and non-owner occupied residential real estate in the U.S., including origination of senior and junior debt and purchase of non-performing loans secured by first trust deeds. Additionally, borrowers throughout the nation can take advantage of BridgeCore’s newly launched “Middle Market Loan Program,” which is an alternative to traditional LifeCo financing. This program provides borrowers with flexible pre-pay, interest only, non-recourse, and fixed-rate financing with 2-to 5-year terms for loan sizes ranging from $5M to $30M+.

For more information, visit bridgecorecapital.com.

 

Company Contact:

Elliot Shirwo
BridgeCore Capital, Inc.
424-777-0063
elliot@bridgecorecapital.com

Media Contact:

Roger Pondel
PondelWilkinson Inc.
310-279-5965
rpondel@pondel.com